BOND HOUSE - Ahead of the Trend

Jan 19, 2012

Bank of America Merrill Lynch

BBankers covering LatAm DCM over the last year or so
shouldn’t really grumble. Cross-border volumes may
not have reached 2010’s record levels, but they
were not far off despite the periodic market shutdowns caused
by Europe’s sovereign debt crisis.

In this environment, several leading banks excelled as they
battled for mandates on a wide variety of corporate credits and
sovereign names. Yet Bank of America Merrill Lynch (BAML) stood
out among the pack for the diversity and complexity of
transactions it undertook during the qualifying period.

Not always the largest volume generator, the shop also
surprised by pushing large competitors to top the
cross-border-border DCM rakings. During the period under
consideration, BAML could boast $10.39 billion in volume from
47 deals, representing a 13.09% percent share, followed by
JPMorgan and then Deutsche Bank, according to Dealogic
data.